20.08.202516:07:56UTC+00DAX Ends on Lower Note

The DAX index in Frankfurt saw a decline of approximately 0.6%, closing at 24,277 on Wednesday. This performance lagged behind its regional counterparts, largely impacted by weakness in the industrial and defense sectors. Investor sentiment remained cautious as attention was focused on the impending release of the Federal Open Market Committee (FOMC) minutes and the upcoming Jackson Hole Symposium in the United States, along with significant economic data releases such as PMI surveys. Additionally, stakeholders kept a close eye on the ongoing peace negotiations in Ukraine, where several key issues remain unresolved, particularly concerning security assurances for Kyiv. Domestically, the latest figures for July indicated that German producer prices fell for the fifth successive month, marking the steepest annual decline since June 2024 and surpassing market predictions. On the stock front, Siemens Energy recorded the largest drop, losing nearly 3%, trailed by Airbus with a 2.6% decrease and Siemens falling by 2%. Other companies, such as Renk and Rheinmetall, also faced challenges, with declines of 2.4% and 0.7%, respectively.